845 Pines Lake DrWayneNJ07470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Wayne at 845 Pines Lake Dr, Wayne, NJ, 07470 offers a 8.71% rental yield on a $679,500 purchase with $4,934/mo rent. Total monthly income registers $4,934/mo, and a $3,326/mo payment leaves $3/mo available for distribution. Annual cash flow reaches $35/yr on $223,556 to close, and return on cash invested stands at 20.08% in year one. Equity gained on principal adds $4,385/yr while 5% annual appreciation supports $187,733 over five years. Portfolio math shows five-year ROI at 105.11% and total cumulative return in cash at $234,971. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,934/mo property income against a $3,326/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.92 Acres lot
$N/A/sqft
$1,050 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Nearby investment properties with comparable prices
Listed by: Carole Lynn Brescia • Coldwell Banker Realty Wyk
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927921
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